609 Shipyard Blvd, Wilmington, NC
Investment property for sale with a GSA lease.
- Added:
- Sep 11, 2025
- Days on Market:
- 283
- Last Refresh:
- May 20 at 9:24 pm
Property Features for 609 Shipyard Blvd
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Lot size
- 5.31 Acres
- Property subtype
- OFFICE
Listing agent Lynn Harris (910) 520-1180
Listing office Berkshire Hathaway HomeServices Carolina Premier Properties (910) 520-1180
Listing date Sep 11, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Carolina Premier Properties
HighLights
- Investment property with existing GSA lease.
- Lease term runs through January 31, 2029.
- Long‑term tenant (SSA).
- Property utilized for courtroom hearings.
- End unit.
- Located along Shipyard Blvd.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $20.88 |
| − Vacancy | −$7.1k | −$3.95 |
| EGI | $30.3k | $16.93 |
| − OpEx | −$7.6k | −$4.23 |
| NOI | $22.8k | $12.70 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9292
- Latitude
- 34.1918
